Celebrity Real Estate Updates: Who Bought What?
In this blog post, I thought I would bring you the latest celebrity real estate updates. So, sit back and enjoy the real Hollywood real estate news!
Low Real Estate Appraisal? Here’s What To Do
As the real estate market continues to grow, more home buyers and sellers are coming across a common issue: An appraisal that is too low! After all, valuations must be based on recent comparable sales, or "comps," and in some cases the rising rate of home sales does not match the rates of homes sold previously. In this article, I'll cover what to do if you get a low appraisal. But first, you need to ask why? Why is the appraisal lower than your expectations? This may have occured because as home rates continue to recover from the housing crisis of
Celebrity Real Estate Update: Celeb-To-Celeb Sales
In my previous coverage of celebrity real estate, I spoke about buying homes at a premium price because the home may have a famous former owner. This week, after reading an intriguing article in the Hollywood Reporter about how celebrities sell homes to other celebrities, I decided to do a celebrity real estate update to address a niche market: Celeb-to-celeb sales. The article discusses how celebs love selling to other celebs. There are plenty of reasons as to why. For example, celebrities have special security needs like high walls and intricate alarm systems. Further, there are personal needs like gigantic walk-in closets and plenty
Washington D.C. Real Estate: Supply And Demand
Washington D.C. is a cultural and historical mecca. Having dozens of great neighborhoods a Metro ride away and a bustling political and business climate keeps the D.C. real estate market competitive. It's no wonder people flock there to live and work. As appraisers, our team is constantly in and out of so many Washington D.C. neighborhoods and homes; this familiarity that has led to a great understanding of the trends and home sales averages of the Washington D.C. real estate market. When a client wanted our take on Washington's priciest neighborhoods to buy a home, we used this list to answer some questions.
The Latest In Celebrity Real Estate
Like celebrity marriages, celebrity real estate changes hands so frequently that it is often impossible to keep up. Lucky for you, we have rounded up this month's biggest sales and real estate news in Tinseltown-- which now stretches all throughout the world! Michael Jackson's Final Home Sold for $18.1M Michael Jackson's death shocked the world. Now, the home in which he lived his last days (and died in) has just been bought for a $18.1 million. Yet, the most shocking detail of this sale is that the original asking price was $38.5 million. The 17,000-square-foot home boasts seven bedrooms and thirteen bathrooms. It's
The Five Craziest Homes Ever
We usually stick to the "normal" homes when we consider buying, selling and appraising properties. However, this week we couldn't help but think about some of the marvels that humans have constructed and lived in. Some of these homes are priceless, simply because the architects that designed them are massive figures in the history of art. Others are so unbelievable that is hard to imagine anyone actually living in them! We thought we'd bring them to you so you could take a look at the five craziest homes ever. Can you take a wild guess as to home we would appraise
The Secret Of A 48-Hour Home Appraisal Makeover
We love success stories for home buyers and sellers. When someone gets a low figure for their home and finds ways to fix up some of the issues and sell for a better rate, we are overjoyed. The housing market is confusing enough as it is, so when we hear good news we share it. A recent ABC News report stated that the housing market median home prices have risen since last July. This is great news for the millions of U.S. citizens with their homes on the market. The better news is that the program also offered a 48-hour
Divorce Appraisal: The Basics
It's an unfortunate time when you are going through a divorce. Whether it is amicable or challenging, there are several things that need to be divided. A division of property (or properties) is often on top of the priority list for divorcing couples. But where do you even begin? You must begin with a professional divorce appraisal. This is mandatory because a judge cannot simply determine how much any home is worth on a whim or based on the testimony of either spouse. This is a legal procedure and must be done correctly. Either your attorney knows a local appraisal
Is A DIY Appraisal A Good Idea?
There are a great many online sites that allow you to check out how much homes in your area are worth. This makes it easy for the average person to feel like they can appraise their own home. While a DIY appraisal may seem like a cost efficient way to do things, there are a great many mistakes that can be made, and this can endanger a home sale. What are some reasons for researching comp sales on your own? You want to investigate what the current market is like You're buying a home and want to feel confident that
Do Celebs Get Premium Prices On Their Homes?
Recently, real estate agent Barbara Cocoran went on the Today Show to discuss real estate pricing for the rich and famous. The high end market of celebrity real estate is not like regular real estate, not even compared to millionaires who own mansions in exclusive neighborhoods. According to Cocoran, buyers pay a premium prices on homes that have been own by stars. There are several examples of celebs asking for premium rates on their homes. One such example is Alicia Keys and her husband, Swizz Beats. They own an apartment in New York City and recently put it on the
